That line, 'A man shouldn't date if he has no money,' has stuck with me for a long time!
In April 2022, the Luna crash started at 119 and plummeted, dropping below 100U, I threw in 30,000 yuan to short and ended up making a huge profit of 900,000. This 900,000 came too quickly, and I got carried away—
In just a few days, I made a profit of 920,000 and didn’t think about cashing out, but instead bought the dip with everything. As a result, not only did I lose all my profits, but I also lost my entire principal. At that time, I remembered the liquidation price was around 1U. I didn't expect that after going out for a while and coming back, Luna's price was 0.000000, dropping six more zeros than after the 312 Black Swan event, which was much worse. At that moment, it felt like the sky had fallen. Looking back now, I still don’t regret it, and I’m not here to say what if I had done this or that at the time? It’s unfair to judge my past self with my current understanding. If time could turn back, I think I would still make the same choice.
I didn’t avoid any of the pitfalls I should have. I drowned my sorrows in alcohol every day, feeling depressed for a month, and my quality of life plummeted. Her line, 'A man shouldn't date if he has no money,' hit hard and ignited my fighting spirit. So, I sold my favorite camera and some collectibles, relying on going long on TRB, and after gaining about 10U, I reached 380U, achieving a full 40 times return, finally getting back on my feet. Looking back now, my account has already surpassed 10 million U.
There were no insider tips, no 'magical bull market,' just a seemingly 'ridiculously dumb' method.
Following three rules can beat 90% of retail investors.
Rule 1: Rapid rise, slow fall means the institution is accumulating.
Fast rise and slow drop is mostly a washout, don’t panic.
A real top is when there’s a sharp volume rise followed by a waterfall drop, that’s a trap for bulls.
Rule 2: Rapid fall, slow rise means the institution is unloading.
After a flash crash, a slow rebound isn’t picking up bargains, it’s the last knife.
Don’t hold onto the fantasy of 'It has fallen so much, can it still fall?'
Rule 3: Volume at the top doesn’t necessarily mean the end; lack of volume is dangerous.
If there’s volume at high levels, it might surge again;
If there’s no volume at high levels, it’s dead quiet, that’s the true eve of a crash.
Rule 4: Don’t be impulsive with volume at the bottom; sustainability is reliable.
A single instance of volume might just be bait;
Continuous volume over several days, especially after a period of low volume and consolidation, is the real signal to build a position.
Many people aren’t unmotivated; rather, they are stumbling around in the dark. What you need isn’t to run faster in a chaotic manner, but someone to lift a lamp to help you walk out of the darkness.